Colorado Federal Bank has lent $23M to Double U Development for a Brooklyn apartments project. The development will transform a former event space at 144 Greenpoint Avenue in Brooklyn’s Greenpoint neighborhood into an 8-story building with 60 units. Double U acquired the property for $8.9 million in January 2026, and the project is estimated to cost $30 million. The loan will fund 100% of construction costs.

Originally reported by Commercial Observer.